DnB Asset Management AS Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

DnB Asset Management AS purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,236 shares of the basic materials company’s stock, valued at approximately $82,000.

Several other large investors have also bought and sold shares of the business. Norges Bank bought a new stake in Uranium Energy in the fourth quarter valued at about $100,773,000. JPMorgan Chase & Co. increased its stake in shares of Uranium Energy by 45.9% in the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after acquiring an additional 4,982,949 shares during the last quarter. Prestige Wealth Management Group LLC raised its position in shares of Uranium Energy by 3,326.5% in the 4th quarter. Prestige Wealth Management Group LLC now owns 34,265 shares of the basic materials company’s stock valued at $229,000 after acquiring an additional 33,265 shares during the period. Emerald Advisers LLC bought a new position in Uranium Energy during the 4th quarter worth approximately $11,114,000. Finally, Vanguard Group Inc. grew its holdings in Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock valued at $173,017,000 after purchasing an additional 631,929 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Shares of Uranium Energy stock opened at $4.71 on Thursday. The firm has a market cap of $1.99 billion, a PE ratio of -39.25 and a beta of 1.88. The business’s 50 day simple moving average is $6.14 and its 200 day simple moving average is $6.74. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UEC. HC Wainwright reissued a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a report on Wednesday, March 12th. Finally, National Bank Financial began coverage on Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price for the company. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Uranium Energy has an average rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.